FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * HERSCHKOWITZ SAMUEL /FA/   2. Issuer Name and Ticker or Trading Symbol DELCATH SYSTEMS INC [DCTH] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O DELCATH SYSTEMS INC, 1100 SUMMER STREET 3. Date of Earliest Transaction (Month/Day/Year) 11/14/2006 (Street) STAMFORD, CT 06905 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock, par value $0.01 12/20/2005   J(2)   0 A $ 0 153,375 (1) D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Incentive Stock Option (right to buy)

$ 2.78

07/07/2005

J(2)

0

(3)

07/07/2010

Common Stock

50,000

$ 0

220,300

D

Incentive Stock Option (right to buy)

$ 3.3125

10/05/2005

J(2)

0

(3)

12/01/2010

Common Stock

30,150

$ 0

220,300

D

Nonqualified Stock Option (right to buy)

$ 3.3125

10/05/2005

J(2)

0

(3)

12/01/2010

Common Stock

30,150

$ 0

220,300

D

Incentive Stock Option (right to buy)

$ 3.59

11/08/2005

J(2)

0

(3)

11/08/2010

Common Stock

16,980

$ 0

220,300

D

Nonqualified Stock Option (right to buy)

$ 3.59

11/08/2005

J(2)

0

(3)

11/08/2010

Common Stock

53,020

$ 0

220,300

D

Nonqualified Stock Option (right to buy)

$ 3.28

11/14/2006

A

40,000

(4)

11/14/2011

Common Stock

40,000

$ 0

220,300

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
HERSCHKOWITZ SAMUEL /FA/ C/O DELCATH SYSTEMS INC 1100 SUMMER STREET STAMFORD, CT 06905	X

Signatures

SAMUEL HERSCHKOWITZ, By /s/ PAUL G. HGHES, Attorney-in-fact		11/16/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The reporting person also has a pecuniary interest in approximately 63,000 shares owned by the Venkol Trust.
(2)	This transaction was previously reported.
(3)	Currently exercisable.
(4)	Exercisable as to one-half of the shares on the first anniversary of grant and in full on the second anniversary of grant through the expiration date.

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